Market Overview
For the Quarter Ending March 2026
High Melting Scrap Prices in APAC
In India, the High Melting Scrap Price Index rose by 5.8 % quarter-over-quarter, amid tighter availability.
The average High Melting Scrap price for the quarter was approximately USD 345.67/MT reported figure.
High Melting Scrap Spot Price strengthened as import costs and freight increased, tightening available cargoes.
High Melting Scrap Price Forecast indicates modest upside as domestic restocking offsets occasional import arrivals.
High Melting Scrap Production Cost Trend increased as energy, insurance and handling expenses squeezed margins.
High Melting Scrap Demand Outlook remains firm supported by EAF expansions, infrastructure and mill restocking.
High Melting Scrap Price Index trended higher as inventories tightened and export demand absorbed cargoes.
Major scrap exporters maintained disciplined offers while Indian mills adjusted intake based on regional demand.
Why did the price of High Melting Scrap change in March 2026 in APAC?
Tighter import availability and Middle East disruptions raised freight and insurance costs, constraining prompt supply.
Elevated domestic EAF procurement and infrastructure-related rebar orders increased scrap offtake, supporting sustained price gains.
Improved yard inventories limited rallies, while rupee weakness lifted landed import costs and pressured margins.
High Melting Scrap Prices in North America
In the United States, the High Melting Scrap Price Index showed a moderate increase quarter-over-quarter, supported by strong domestic steel production and tightening scrap availability.
The average High Melting Scrap Price Index remained firm, reflecting steady procurement by electric arc furnace (EAF) mills, where scrap is a key raw material .
High Melting Scrap Spot Price remained firm with periodic volatility as mill buying cycles and export demand influenced pricing.
High Melting Scrap Price Forecast indicates a firm outlook, supported by ongoing steel demand and limited scrap generation.
The High Melting Scrap Production Cost Trend remained elevated due to higher collection, processing, and transportation costs.
High Melting Scrap Demand Outlook remained strong, driven by infrastructure, automotive, and construction-related steel consumption.
The High Melting Scrap Price Index strengthened in March as mills increased procurement ahead of seasonal construction demand.
Export demand and limited domestic scrap flows further tightened supply conditions.
Why did the price of High Melting Scrap change in March 2026 in North America?
Increased steel production boosted scrap demand.
Tight scrap availability limited supply in the spot market.
Strong export demand added upward pressure on domestic prices.
High Melting Scrap Prices in Europe
In Europe, the High Melting Scrap Price Index showed a firm increase quarter-over-quarter, supported by rising demand and structural supply constraints.
The average High Melting Scrap Price Index remained elevated, reflecting growing competition for scrap amid the transition toward electric arc furnace steelmaking .
High Melting Scrap Spot Price remained firm as restricted exports and strong domestic consumption supported pricing.
High Melting Scrap Price Forecast suggests continued firmness, driven by sustainability goals and increasing scrap utilization in steel production.
The High Melting Scrap Production Cost Trend increased due to higher energy, processing, and compliance costs.
High Melting Scrap Demand Outlook remained strong, supported by green steel initiatives and infrastructure demand.
The High Melting Scrap Price Index strengthened in March as supply tightened and demand from EAF-based steel producers increased.
Trade measures and reduced scrap exports within Europe further supported domestic price levels.
Why did the price of High Melting Scrap change in March 2026 in Europe?
Increased demand from EAF-based steel production tightened supply.
Export restrictions and policy measures limited scrap outflows.
Rising energy and processing costs supported higher pricing.
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